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Bank of China: PBOC should cut RRR by 0.5% in Q2

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In its outlook report published earlier today, Bank of China revealed China’s GDP forecasts for Q1 & Q2, while noted that the Chinese central bank should lowering RRR in Q2.

    Key Quotes:

    China Q1 GDP growth at about 6.6%, Q2 at about 6.7%
    PBOC should cut RRR by 0.5% in Q2
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